Sanlam Emerging Markets (Mauritius) Limited, Mauritius
Case brief
What is this about?
The Competition Commission of India, on behalf of its Members, approved a notice of proposed combination by Sanlam Emerging Markets (Mauritius) Limited to acquire stakes in Shriram Life and General Insurance Companies, finding no appreciable adverse effect on competition.
What did the court decide?
The proposed combination is approved under sub-section (1) of section 31 of the Act.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2016/03/379)
21st April 2016
Notice under Section 6 (2) of the Competition Act, 2002 given by:
- Sanlam Emerging Markets (Mauritius) Limited
CORAM:
Mr. Devender Kumar Sikri Chairperson
Mr. S.L. Bunker Member
Mr. Sudhir Mital Member
Mr. U.C. Nahta Member Mr. M.S. Sahoo Member
Mr. G.P. Mittal Member
Legal Representative: Cyril Amarchand Mangaldas
Issues for consideration
3 issues framed by the court
Whether the proposed acquisition of stakes in Shriram Life Insurance and Shriram General Insurance by SEM falls under Section 5(a) of the Act.
Whether the proposed combination is likely to have an appreciable adverse effect on competition in India.
Whether the increase in shareholding by SEM results in any change in control of the target companies.
Parties & counsel
- applicant
Sanlam Emerging Markets (Mauritius) Limited
Coram
Mr. Devender Kumar Sikri
Mr. S.L. Bunker
Mr. Sudhir Mital
Case details
As recorded by the court registry
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